Independent Bank Corp.
S&P 500INDB/Financial Services · Banks - Regional/NASDAQ
Dividend Yield
2.96%
$2.41 · Annual Dividend
Dividend Safety Rating
INDB's dividend appears very safe. Strengths include a 47.9% earnings payout ratio & 32.0% fcf payout ratio. Areas of concern: 7.3% return on equity. The dividend has been growing at a 5.10% 5-year CAGR. As a financial company, some traditional cash flow metrics are less applicable. The score focuses on earnings-based coverage and profitability.
Based on 10 of 10 metrics
Strengths
- Earnings Payout Ratio: 47.9%Low earnings payout ratio leaves room to grow the dividend.
- FCF Payout Ratio: 32.0%Free cash flow comfortably covers the dividend.
- Net Debt / Total Assets: 0.2%Healthy balance sheet with low net debt.
Risks
- Return on Equity: 7.3%Return on equity is below industry norms.
Payout & Coverage
Very SafeBalance Sheet
Very SafeProfitability
SafeDividend Track Record
Very SafeAbout Independent Bank Corp.
Independent Bank Corp. is a regional banking company that provides a comprehensive suite of financial services primarily across the United States. Operating mainly through its subsidiary, Rockland Trust Company, it offers a wide array of personal and business banking products. These include savings and checking accounts, mortgages, credit cards, and loans, as well as investment management and trust services. Independent Bank Corp. maintains a strong presence in the communities it serves, contributing to local economic growth by supporting small businesses and real estate ventures. Notably, it is focused on delivering customer-centric banking experiences through innovative online and mobile banking solutions, which enhance accessibility and convenience for its clients. In the financial market, Independent Bank Corp. plays a vital role in catering to the banking and financial needs of individuals and businesses in its operational regions, emphasizing its commitment to customer service and community involvement.
Dividend Overview
Dividend Yield
2.96%
Annual Dividend
$2.41
Frequency
Quarterly
Payout Ratio
47.91%
FCF Payout Ratio
32.04%
52-Week Range
$61.19 - $87.00
Dividend History (2016–2025)
INDB annual dividend per share and yield history
Earnings & Profitability
INDB earnings per share and net profit margin
Key Dates
Next Ex-Dividend Date
June 29, 2026
Last Payment Date
April 9, 2026
Dividend Growth
3-Year Dividend CAGR
4.30%
5-Year Dividend CAGR
5.10%
10-Year Dividend CAGR
8.54%
3-Year Total Growth
13.46%
5-Year Total Growth
28.26%
10-Year Total Growth
126.92%
Income Calculator
Frequently Asked Questions
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How is INDB's Dividend Safety Rating calculated?
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This page is not investment advice. The content is for informational purposes only and should not be construed as a recommendation to buy, sell, or hold any security. Always do your own research and consult a qualified financial advisor before making investment decisions.
Financial data, including dividend history, earnings, balance sheet metrics, and the Dividend Safety Rating, is provided for informational purposes only. Data may be delayed or differ from official filings. Past performance does not guarantee future results. Always verify with official sources before making investment decisions.
Market data provided by Twelve Data.